Rectification of order passed u/s 144 of it act possible?

[Utkarsh Lohia]

The case of the Assessee was selected for scrutiny u/s 143(3) and Assessee did not received any notice of assessement and intimation isuued by the AO due to shifting of residence address. The AO issued a show cause notice which was also not received by the assessee and due to no response from the assessee the AO completed the assessment u/s 144 of the IT Act (BEst Judgement Assessemnet) disallowing exemption claimed by the assessee u/s 54 for selling and buying new house due to lack of documents of new house. So can this order be rectified u/s 154 by producing the purchase documents of the new house to the AO?

AI Summary

Taxpayer Seeks Rectification under Section 154 After Exemption Denied for Missing Documents; Appeals Options Explored A taxpayer's case was assessed under section 144 of the Income Tax Act due to non-receipt of notices after changing their residential address. The assessment disallowed an exemption claim due to missing documentation. The taxpayer inquired about rectifying this order under section 154 by submitting the necessary documents. One response suggested appealing to the Appellate Authority to remand the case due to communication issues. Another response highlighted options under sections 154, 264, and 246A(1)(a) for rectification or appeal, noting the binding nature of section 264 orders and the opportunity to present evidence under Rule 46A.